Rajputana Biodiesel IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
Rajputana Biodiesel IPO is set to open for subscription on November 26, 2024, and will close on November 28, 2024. The IPO is a Book Built Issue aiming to raise approximately ₹24.70 crores. This comprises a fresh issue of ₹24.70 crores. Shares are priced within the ₹125–₹130 per share band, with a face value of ₹10 each.
The IPO allocates 50% to QIBs, 15% to HNIs, and 35% to retail investors. The shares will list on NSE SME on December 3, 2024, with allotments finalized on November 29, 2024.
Financial Highlights
- Revenue: ₹53.68 crores (2024) vs. ₹23.54 crores (2023)
- Profit After Tax (PAT): ₹4.52 crores (2024) vs. ₹1.69 crores (2023)
- Revenue Growth: 128%
- PAT Growth: 168%
Rajputana Biodiesel IPO Details
| Key Information | Details |
|---|---|
| IPO Open Date | November 26, 2024 |
| IPO Close Date | November 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹125–₹130 per share |
| Issue Size | ₹24.70 crores |
| Fresh Issue | ₹24.70 crores |
| Listing | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Market Lot Details
| Application Type | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | 130,000 |
| S-HNI Minimum | 2 | 2,000 | 260,000 |
Rajputana Biodiesel IPO Schedule
| Event | Date |
|---|---|
| IPO Open | November 26, 2024 |
| IPO Close | November 28, 2024 |
| Basis of Allotment | November 29, 2024 |
| Refunds | November 29, 2024 |
| Credit to Demat Account | December 2, 2024 |
| Listing Date | December 3, 2024 |
Promoters
The IPO is led by the following promoters:
- Mr. Sarthak Soni
- Mr. Tanay Attar
- Mr. Sudeep Soni
- Mrs. Madhuri Surana
About the Company
Established in 2016, Rajputana Biodiesel Ltd. focuses on producing biodiesel from renewable raw materials like animal fats, cooking oils, and vegetable oils. The company aims to support sustainable energy and reduce dependence on fossil fuels. Its products meet international quality standards while ensuring minimal carbon impact.
Financial Summary
| Period | Revenue (₹ Cr.) | Expense (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2022 | 17.46 | 17.16 | 0.20 | 10.71 |
| 2023 | 23.54 | 21.27 | 1.69 | 15.16 |
| 2024 | 53.68 | 47.59 | 4.52 | 39.95 |
| July 2024 | 27.79 | 23.88 | 2.60 | 46.26 |
Valuation Metrics
| Metric | Value |
|---|---|
| ROCE | 22.19% |
| EBITDA Margin | 14.29% |
| PAT Margin | 8.46% |
| Debt-to-Equity Ratio | 1.46 |
| EPS | ₹9.16 (Basic) |
| RoNW | 34.43% |
| NAV | ₹25.60 |
Peer Comparison
Rajputana Biodiesel faces competition from established players like Kotyark Industries Ltd., which has:
- EPS: ₹17.36
- PE Ratio: 51.41
- RoNW: 11.56%
- Income: ₹197.12 crores
Objects of the Issue
- Capital expenditure for expanding a subsidiary’s manufacturing facility.
- Funding working capital requirements.
- General corporate purposes.
Registrar Details
- Name: Maashitla Securities Private Limited
- Contact: ipo@maashitla.com
- Phone: +91-11-45121795-96
- Website: Maashitla
FAQs
1. What is the Rajputana Biodiesel IPO size?
The total issue size is ₹24.70 crores.
2. When will the IPO open?
The IPO opens on November 26, 2024, and closes on November 28, 2024.
3. What is the price band?
The price band is set at ₹125–₹130 per share.
4. What is the lot size?
The minimum lot size is 1,000 shares.
5. When will allotments be finalized?
Allotments will be finalized on November 29, 2024.
6. Where will the shares be listed?
The shares will list on NSE SME on December 3, 2024.
For more information, visit the Rajputana Biodiesel website.
